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20121201
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
is hawaii. the house is out of session. the senate is adjourned. they are going to coming back on the 27th. that gives them five days. they have been talking about this fiscal cliff for months. last five days and they have to involves more than a trillion dollars and billions of dollars in tax hikes. how can they get it done? they won't. president on friday gave the all clear for members not to do a big package. he said, look, let's do a stopgap. in other words, let's stop everyone from having their taxes go up and do something smaller so on january 1st it's not just this big looming.... >> does that mean the president could offer extend the tax rates for six months and begin negotiating all over again beginning in january, obviously that would be the usual procrastination in washington, is that what you are talking about here? >> i think what will happen, the president will look for ways to gain the most leverage for himself. the conventional wisdom, democrats really gain power if january 1st comes along and everybody's taxes goes up. it brings revenues in the treasury and raises rates on
and whether the president will be here through the holiday or whether he ends up joining his family in hawaii. >> an amazing night and day. peter alexander, kelly o'donnell, thank you for giving us some perspective on it. some house republicans were visibly upset by last night's maneuvering and expressed both sadness and frustration on behalf of speaker john boehner. let's bring in nbc's senior political editor mark murray for our first read on politics. mark, we talked about, with kelly, and with peter, sort of the policy implication. let's talk about the political implications here. john boehner put himself out there. on wednesday he said, in a press, short press conference, he said, we are going to pass this and it is going to be in the presence. not only did they not pass it, it didn't even come for a vote. the speaker vote on whether john boehner remains speaker is january 3rd. should he worry about his chances there? >> there are a lot of moving parts on whether or not he is going to hold his speakership. two things ended up happening last night. one house republicans lost a lot of leve
. on to the fiscal cliff this morning. the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas eve performance for t
pretty positive the president was flying back from his hawaii vacation, republicans seemed to be in the mood to try to get this done, and they could bridge this gap. but you know, my conversations with some of the republican leaders is that not much was accomplished today. and as you know, john, the clock is ticking. what are we, 72 hours away from going over that cliff? i'm not sure this is going to get resolved right new. looks like we may go into january without a deal. >> stephen moore saying we're going off the cliff. we've got new details on the plan, the president's scaled-down proposal. here's what's on the table. extend the current tax rates for 98% of americans, incomes up to $250,000. extend unemployment benefits, that's an important point. not being talked about enough. extending the alternative minimum tax patch. prevents cuts in payments to doctors who treatment medicare payments. -- patients. would this scaled-down proposal save us from economic disaster? >> we've done a tremendous amount of damage to ourselves, embarrassing ourselves around the world. we're
the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a few meetings internally, but mostly, relatively quiet. i expect we will see more from the president, perhaps we could even see him publicly tomorrow. perhaps he could even meet with or talk to some of the congressional leaders. the president's role in all of this, he can get each of the leaders to come closer on what the white house believes is already, pretty clearly, the framework for a final deal, and he can also
can think of something better than to wrap up the year with the gang getting laid in hawaii. [♪ circus music ♪] >> that would be awful if we had to do a show there. i would hate it. >> stephanie: we be doing the very first show of 2013 in washington, d.c. check it out. and ryan in new jersey i'm very happy i have been getting the steph cast since the end of october. [ inaudible ] it helped me get through a rough day wednesday as a blind person who has a successful career in it. being able to listen on the way to the train to and from work to such things as jim's, reince -- >> reince prebus! >> stephanie: and rocky mountain mike skeeter, gets me through the day with a whole lot of fun. ps my screen-reading software does pronounce chris's last name as wa-wa. >> i was so furious at that business with the americans with disabilities act. that act is probably the thing the government has done in my lifetime that has made me most proud to be an american. >> stephanie: yep. >> and how can you dispute it that if i want to have a private business i shouldn't have t
affected. but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned and why? tweet us. we have your responses coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i've always kept my eye on her... but with so much
Search Results 0 to 9 of about 10 (some duplicates have been removed)

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